Rather than providing a traditional base-case projection, the Bank of Canada has presented two illustrative scenarios to account for the uncertainty around US trade policy. …
Category: Forex Short News
A comparison of the March statement to the April statement reflects the “major shift” in the US trade policy and unpredictability of tariffs. Hence the …
Opening statement Tiff Macklem Good morning. I’m pleased to be here with Senior Deputy Governor Carolyn Rogers to discuss today’s policy announcement and our April …
The Bank of Canada today maintained its target for the overnight rate at 2.75%, with the Bank Rate at 3% and the deposit rate at …
Prior was 2.75% The market was pricing in a 42% chance of a cut and 58% chance of no change A slight majority of economists …
The USDCHF has been choppy over the past four trading days, bouncing between support and resistance levels since bottoming near 0.8100 last Friday. The pair …
Trump made good on his promise, imposing tariffs on dozens of countries starting April 9. But it didn’t last long. Just hours later, the U.S. …
Prior was +0.7% (revised to +0.8%) Industrial production y/y +1.34% vs +1.44% prior Ex cars/parts -0.4% vs +0.4% prior Capacity utilization 77.8% vs 78.0% expected …
At 9:45 AM ET, the Bank of Canada (BoC) will announce its rate decision (see Adam’s preview here). The outcome is uncertain, with markets split …
Prior was +0.2% Details: Ex-autos +0.5% vs +0.3% exp Prior ex autos +0.3% (revised to +0.7%) Control group +0.4% vs +0.6% expected Prior control +1.0% …